Over the past few years and despite a poor macroeconomic climate, 'rhubarb' has rapidly grown into a £32m turnover premium food experience brand.
Delivering premium class catering for Virgin Atlantic, operating in the Royal Albert Hall and working exclusively with Heston Blumenthal in the events arena and on specific projects, 'rhubarb' management were seeking a financial backer who could further accelerate the impressive growth of the business across a number of food service channels. It was crucial to the team to find a partner who understood the essence of 'rhubarb' and what the brand represents.
What RSM did
RSM worked closely with 'rhubarb' over the course of 18 months to help the business craft its ‘to market’ strategy. Multiple stakeholders were guided through a complex process to deliver a deal which resulted in a good return for exiting shareholders as well as attractive management terms going forward.
'RSM's corporate finance team were pivotal in getting the deal done. They were dedicated and fought hard for all the shareholders without losing sight of the overall objective. Having steered a course through complex negotiations and contrasting shareholder agendas, they achieved a fantastic result for all. I would be very happy to work again with Kirsty and her team - they were highly professional, commercially astute and also had a good sense of fun.'
Clive Beharrell, Chairman, 'rhubarb'
Kirsty Sandwell, Partner
Angus Miller, Associate Director
Adam Spencer, Manager
Lucy Horsell, Executive